Published: Oct, 2014
Transparency Market Research has added a market intelligence report on the global market of industrial gases titled Global Gas Market - Industry Size, Share, Trends, Analysis, And Forecasts 2012 - 2018" to its data-store.It is well known that the air that surrounds our atmosphere is itself a mixture of several gases such as nitrogen, oxygen plus small quantities of argon and traces of other gases.
Browse Global Gas Market - Industry Size, Share, Trends, Analysis, And Forecasts 2012 - 2018 Research Report @ https://www.transparencymarketresearch.com/gas-market.html
Many industrial operations essentially require the use of gases such as oxygen, hydrogen, nitrogen, argon, xenon, neon, krypton, carbon dioxide, acetylene, helium and a wide variety of mixtures of many gases. For sufficing all these demands, these gases are manufactured at a large scale in industrial plants and are as essential for many industries and manufacturing processes as water is, for life.
These gases, with huge applications in many industries, are called industrial gases and the industry that manufactures, markets and sells such gases contributes the global ‘Gas Market’.
According to the report on the global gas market by US based market intelligence firm, Transparency Market Research, the major factors driving the growth of this market include the rapid rise in urbanization, rapidly growing automobiles industry, the recent growth petrochemical industry and a rising demand for power generation from over the world, all of which directly or indirectly pose an added demand for industrial gases.
Industrial gases are used for a variety of applications to make the processes more cost effective, safer and to derive an improved product. In fact, some processes would be inconceivable without the use of these gases.
The major application areas of industrial gases come from industries such as automobiles, steel manufacturing, food and beverages, metallurgy, glass and ceramics, medicines and pharmaceuticals.
The report notes that the vendors in the global gas market are concentrating more on the production of next-generation gases that could meet the demands posed by the current state of environment and the rapid development in technology. This refers to the development efforts by leading market players for producing gases with less greenhouse emission quantities. This would, in turn, help the end-user to meet the regulations and sustainability policies put in place by various environment conscious governments.
The report adds that the global gas market has huge market potential from developing economies such as China, India, South Africa, Korea, Russia and Brazil.
Increasing urbanization is cited as one of the major drivers of this industry as it leads to a rising demand from process and utilities industries such as energy, petroleum, oil and gas. A positive growth of the gross domestic product (GDP) of these economies is also considered a major reason for the growth in this industry.
The report further adds that the need to meet environmental regulations, being increasingly clenched by many governments, is one of the major challenges for this market.
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